There is a lot of information about credit scores and FICO score out there are wading through it as a consumer is not easy. What is accurate? What are the best decisions to improve or protect your credit score? To help, here a list of ten most common credit score myths you will find and [...]
A comment on a previous post about the credit score scale a commenter asked the question what credit score do employers check? This prompt a complete research of what I believed was the answer but needed some verification. The answer is employers actually do not check your credit score, they check your credit reports. The [...]
Have you a ever thought of using a credit monitoring service? Or are you a skeptic of the whole idea? You can do it yourself and not pay for it. Well, here is a short list of the reasons why you should consider it or reconsider it. 1. You Gain Access to Your Credit Report [...]
1. Pay your bills on time. This could be the single best way way to put yourself on the road to a good credit score. Also, not paying is the easiest way to ruin a credit score. 2. Maintain a low balances. You should try to keep your balances below 30% to 40% of your [...]
To be good at anything you need to be better than average. This seems to be the rule. So what is the average credit score? Most sites I found stated around 680. The real truth is this is just a general rating. The person who really determines if you have a good credit score will [...]
While you might know that your credit report has a limit of 7 to 10 years before items are removed, the debt themselves actually might be different. The statue of limitations is the amount of time a credit has to sue you for an unpaid debt. It is usually starts at the time you went [...]
Category: Credit RightsTags: old debts, statue of limitatioins | Comments (1)
There are several ways to raise your credit score, but some are better than others. To start you need to understand how credit scoring works. Then you can then use that to determine the best practices to achieve a good credit score. But here is a short list to get you started. 1. Start Paying [...]
Category: Credit Score, RebuildingTags: account history, Credit Report Errors, credit tips, improvement | Comments (1)
Lending The first and most recognized way your credit score is used is for lending. Creditors want to review your credit report before lending you any money. It is a clear indication of your credit worthiness and whether you pay your bills. There are two other ways your credit report is used but are not [...]
Category: Credit ScoreTags: Employement, Insurance | Comments (0)
Chances are you are like most consumers and hardly ever check your credit report even though you are entitled to one free one a year. Is it forgetfulness or the mentality what has my credit report done for me lately? Consumers often check their credit report before a few important times such as getting a [...]
Category: Credit Report, Indentity TheftTags: credit reports, identity theft | Comments (0)
The best way to put it is you owe the old debts until they are paid or wiped out by bankruptcy. Having these debts is going to make it extremely difficult to get a mortgage. Consumers sometimes believe that if the debt is unpaid and it is older than seven years it will be off [...]
Category: RebuildingTags: collections, old debts | Comments (0)
As a consumer, you do have rights. I know that sometimes it might not seem like it, but your credit rights fall under the Fair Credit Reporting Act. And there are 5 you should know: 1. The Right To Dispute Investigation If you think there are errors on your credit report you have the right [...]
Category: Credit RightsTags: Credit Report Errors, Credit Rights | Comments (0)
